My latest Macro Musings podcast is with Greg Ip, chief economics commentator for the Wall Street Journal. We covered a number of topics including how he got into macro journalism (his mom was a central banker and Nick Rowe was one of his college teachers!), his new book and its implications for macroeconomic policy, the difference between helicopter drops and QE, negative interest rates, the safe asset shortage problem, and current Fed policy.
I really enjoyed my conversation with Greg. He is a great conversationalist with a wide range of knowledge on macroeconomic issues. You will enjoy his insights.
You can listen to the podcast via iTunes or Sound Cloud, or through the embedded player. And remember to subscribe since more guest are coming!
Related Links
Foolproof: Why Safety Can Dangerous and How Danger Makes US Safe--Greg Ip
The Time and Place for Helicopter Drops--Greg Ip
As the Dollar Falls, the World Perks Up--Greg Ip
Bond Shelter (Safe Assets story)--Greg Ip
The Chuck Norris and Jean-Claude Van Damme Approach to Central Banking--David Beckworth
The Fed is Not Ready for the Next Recession (My Treasury-backed NGDP level target proposal)--David Beckworth
Just in case you read these!
ReplyDeleteDo banks lend deposits? I've heard conflicting explanations of how the banking system works and I'm confused.
Some say that banks create loans from thing air and get reserves from the Fed to meet reserve requirements.
Others say or imply (as Greg did in this podcast) that banks lend deposits. Is this still true today?
Thanks!